1950's Good Ol Days

By DKOSKE
  • The Korean War Starts

    The Korean War Starts

    U.S. GDP increased by 8.7%
    Lots of government spending to finance the war.
  • Birth Control Pill Developed

    Birth Control Pill Developed

    Private and Public cost savings saves taxpayer dollars. Increases women's wages, responsible for one-third of total wage gains by women. Increased educational opportunities for women.

  • Polio Vaccine Developed

    Increased employment for pharmaceutical companies.
  • Korean War Ends

    Korean War Ends

    GDP at a growth of 4.7%.
  • Dow Jones Industrial Average Closes at an All Time High.

    Dow Jones Industrial Average Closes at an All Time High.

    Closed at $382.74
    Great for stock investors.
  • The American Federation of Labor and the Congress of Industrial Organizations merged to form the AFL-CIO.

    The American Federation of Labor and the Congress of Industrial Organizations merged to form the AFL-CIO.

    The largest confederation of trade and labor unions in the world.
    Negatively affects large corporations due to the labor unions.
  • Minimum Wage Raised To $1.00

    Minimum Wage Raised To $1.00

    Increased employment.
  • Eisenhower Recession

    Eisenhower Recession

    Largest recession of the post WW2 period. Lower wages. Higher government borrowing. Higher unemployment.
  • Continued Recession

    Continued Recession

    Large increases of unemployment over 7.0%. Imports continued to grow.
  • U.S. Expansion

    U.S. Expansion

    GDP grew by 6.9%.
    Employment grew and businesses grew.